Cipher Mining shares rise 32% after $5.5 billion deal with Amazon

2025-11-04 02:29:06

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Cipher Mining shares rose more than 32% after announcing a 15-year agreement worth $5.5 billion with Amazon Web Services (AWS). Under the contract, Cipher will provide infrastructure and power for AI tasks, starting from July–August 2026. In Q3, the company reported a net loss reduced to $3 million and adjusted profit rising to $41 million, helping the stock increase from $18.65 to $24.80 before closing at $22.76.

After the halving event in April 2024, many Bitcoin miners are shifting towards AI and HPC services to increase revenue. Previously, Google acquired 5.4% of Cipher's shares in a $3 billion deal with Fluidstack. Cipher also owns 95% of the shares in a joint venture developing a 1 GW AI center in Texas. In addition, IREN and TeraWulf have also signed contracts worth $9.7 billion and $3.7 billion with Microsoft and Fluidstack.

BTC-1.69%

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